I recently returned from some professional training in New Orleans on this issue. Income Tax Planning is an emerging trend in the tax compliance industry. Tax Planning is a way of being proactive in managing your tax liabilities.
In tax planning, I will do a technical analysis of a tax return and advise the client of any potential missed opportunities. The tax code is an ever-increasing and complex set of rules. We constantly study the changes and look for ways to help clients save on their tax bills.